Nitin Castings Profit Plummets 53% in Q1 2026

Nitin Castings reported a significant decline in financial performance for the quarter ending June 2026. The company's net profit experienced a sharp decrease of 53.06%, falling to Rs 2.68 crore compared to Rs 5.71 crore in the corresponding quarter of the previous year.

Accompanying this profit reduction, sales also contracted by 23.16%, reaching Rs 27.47 crore in the June 2026 quarter, down from Rs 35.75 crore in the prior year's quarter. The operating profit margin (OPM) reflected this downturn, narrowing considerably from 15.44% to 6.08%.

Further financial indicators, such as Profit Before Depreciation and Tax (PBDT) and Profit Before Tax (PBT), also showed substantial drops of 50% and 54% respectively. These results underscore a challenging period for Nitin Castings, marked by reduced revenue and profitability.